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(1) The guarantees, bonds and insurance required by the Covington Standards shall be required for permits issued under this chapter.

(2) If the City Manager determines that there is a potential for injury, damage, or expense to the City as a result of damage to persons or property arising from an applicant’s proposed use of any right-of-way, the applicant shall be required to make a cash deposit with the City Manager or to provide a security device or insurance in a form acceptable to the City Manager for the activities described in the subject permit. The amount of the cash deposit, security device, or insurance shall be determined by the City Manager and shall be in addition to the requirements of any other applicable provision of the Covington Standards or applicable provision of the Covington Municipal Code.

(3) The requirements for any such special performance deposits and insurance are based on considerations of applicant’s prior performance, nature of the proposed use, cost of the activity, length of use, public safety, potential damage to right-of-way, and potential liability or expense to the City.

(4) When there is a need to ensure conformance with the City’s development standards, City or State construction standards, or other requirements, the applicant shall be required to provide a guarantee of workmanship and materials for the life of the permit or the underlying improvement or activity for which the permit was required, whichever is longer. Such guarantee may be in the form of a cash deposit or a security device in a form and amount approved by the City Manager, consistent with the provisions of CMC Title 14. (Ord. 20-07 § 33; Ord. 22-99 § 1)